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 About US$40 billion will be invested by the Indian government to bridge road deficits. The government is depending on the private sector to fund the bulk of the $40 billion needed for the investment in its five year programme to clear the road deficit. The investment requires about $60 billion from which it expects the private sector to contribute $40 billion. Indian Highways Minister, Kamal Nath said that the government expected...
Japan Tobacco International is planning to take the Indian government to court over its policy changes on allowing FDI into the country. The company had proposed to infuse Rs 25 crore in its Indian JV but the Foreign Investment Promotion Board (FIPB) rejected it because the changed FDI policy bars foreign investment in cigarette manufacture. Japan Tobacco International initially made the investment proposal two years ago when the Indian...
Funding for renewable energy projects is expected to become easier in India as Banks and private equity investors begin to look at clean energy projects as viable businesses propositions to invest in. HSBC chief executive, Stuart Davis, said that there were numerous investors who were keen on getting into the renewable sector if a viable business proposition from the sector is proposed. As such, it is hoped the ease of funding will follow such...
Essar business process outsourcing arm (BPO), Aegis, reported that it is currently working on various strategies to hit its targeted $1 billion revenue mark. The company has been shopping for investments lately, recently investing in AGC Networks in an acquisition purchase that saw its approximated earnings stand at about $700 million with its headcount reaching 40,000. Aparup Sengupta, Aegis MD and SEO said the company was currently...
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